Tan Sri Krishnan Tan (IJM Plantations filepix)
KUALA LUMPUR (April 7): Tan Sri Krishnan Tan has resigned as a non-executive director of IJM Plantations Bhd due to heavy commitments and involvement in other boards, the group said today.
Krishnan, 68, who had served as non-executive director since December 1993, will be replaced by his brother Velayuthan Tan effective today.
In a filing with Bursa Malaysia, IJM Plantation said Velayuthan, 66, had retired as the CEO and managing director of IJM Plantations in May 2010.
He was previously with Multi-Purpose Holdings Bhd for five years as assistant manager, before joining IJM Corporation Bhd in 1985.
IJM Plantations shares fell three sen or 1.73% to RM1.70 today, valuing the group at RM1.5 billion.
